Economy
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Prime Minister not planning to extend windfall tax to electricity generators
Electricity generators will be spared from the government’s tax net, a spokesman for the Prime Minister said. When asked whether the windfall…
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Post Office workers stage first 24-hour strike
Around 1,500 Post Office workers walked off the job on Monday, in the first 24-hour strike over pay at the state-owned company.…
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UK house prices jump to another record high – Halifax
UK house prices rose in June at their fastest monthly pace since early 2007 despite the cost-of-living crisis, according to a survey…
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UK mortgage lending hits eight-month high in May
UK mortgage rose to an eight-month high in May, according to the Bank of England, while approvals also held up better than…
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Eurozone manufacturing falls for first time since August 2020
Eurozone manufacturing production fell last month for the first time since August 2020 as the Covid pandemic took hold, with rising inflation…
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UK shop price inflation hits fresh high
Shop price inflation hit levels not seen since 2008 in June, research published on Wednesday showed. According to the latest BRC-NielsenIQ Shop…
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Retail sales struggle as inflation bites – CBI
Retail sales fell in June, a survey published on Thursday found, as surging inflation weighed heavily on demand. According to the latest…
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UK economy ‘running on empty’ as activity slows
UK economic activity stalled in May, a closely-watched survey showed on Thursday, weighed down by a slowdown in manufacturing. The S&P Global…
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UK’s Heathrow airport raises passenger, cost forecasts
London’s Heathrow airport raised passenger forecasts for the year on the back of stronger-than-expected travel demand. The West London airport said it…
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UK manufacturing sector sees output slow – CBI
Growth in manufacturing output eased last month, a closely-watched survey showed on Tuesday, while price expectations fell to a nine-month low. The…
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